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Henry Ford

Ford tells shareholders to be patient about stock price

WILMINGTON, Delaware (Reuters) - The executive chairman of Ford Motor Co asked for patience from investors who pressed him about the company's languishing stock price at the automaker's annual meeting on Thursday.Despite 15 straight profitable quarters, Ford's share price has lagged the S&P 500's gains for about two years. The stock was little changed at $14.22 on Thursday afternoon."Just hang with us," Bill Ford said in response to two questions about the company's stock. "Our performance has been pretty good."Ford and Chief Executive Officer Alan Mulally emphasized record profits and margins and a turnaround plan in Europe, although the automaker expects to lose another $2 billion on the continent this year due to a deep economic downturn.Chief Financial Officer Robert Shanks also urged shareholders to take a long view regarding growth outside the United States. He said heavy investment in Asia would begin to pay off and allow Ford to rely less heavily on the U.S. market."So just a l...

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